16 Hrs
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الصحيفة
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USD/AED declines 0.42 percent
The USD/AED pair declined by 0.42 percent over the past week, from 9.36 to 9.32, due to the impact of the currency basket, which decreased by 0.71 percent, influenced by the weaker dollar on the international scene. Additionally, liquidity conditions in the foreign exchange market, which rose by 0.29 percent, contributed to this decline, leading to a reduction in liquidity spreads to minus 2.55 percent. The Commercial Research Center advised traders to hedge their short-term transactions, anticipating an increase in interest rates from the Federal Reserve and the European Central Bank, which keeps the market vulnerable to heightened volatility.
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